Bertrand Model - PowerPoint PPT Presentation
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Bertrand Model
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Title: Bertrand Model Author: Wake Forest University Last modified by: Wake Forest University Created Date: 10/1/1998 6:17:49 PM Document presentation format – PowerPoint PPT presentation
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Title: Bertrand Model
1
Bertrand Model
- Price Competition
C
D
2
Bertrand Model
- Price Competition
C
D
D(P1)
1 D(P1) 2
3
Bertrand Model
- Price Competition
Dr(P1)
C
D
D(P1)
1 D(P1) 2
4
Bertrand Model
- Equilbirium
C
Dr(PE)
D
D(PE)
1 D(PE) 2
